The two-for-five issue, priced at 275p a share, came as Britain's biggest mortgage lender announced write-downs totalling £2.84bn against impaired securities in its first quarter

Added: 2008-04-29

HBOS launches £4bn rights issue

Category: varial news

Goldman Sachs' Lloyd Blankfein sees end of credit crisis

Goldman Sachs chairman and chief executive Lloyd Blankfein has declared the beginning of the end of the credit crisis - just as Wall Street rival Lehman Brothers took a further $1.8bn (£900m) credit crunch hit.

Sterling near record low before rate decision

The pound slid close to an all-time low against the euro amid growing despondency about the health of the UK economy.

Wagners end feud over Bayreuth festival

The battle for control of Germany's most celebrated opera festival has ended with the feuding descendants of Richard Wagner agreeing to work together.